The Long & Foster Market Minute

Focus On: Baltimore County Housing Market February 2019

Units Sold
642
Active Inventory
1,922
Median Sale Price
$235,000
Days On Market
68
Down -1%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 31%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 642 sold this month in Baltimore County Real Estate versus 622 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 1% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 208 units or 10%. The total number of active inventory this February was 1,922 compared to 2,130 in February 2018. This month's total of 1,922 is lower than the previous month's total supply of available inventory of 2,157, a decrease of 11%.

Median Sale Price
Last February, the median sale price for Baltimore County Homes was $224,700. This February, the median sale price was approximately the same at $235,000. The current median sold price is 5% higher than in February 2018.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
949
Current Contracts
802
Sold Vs. List Price
98.6%
Months of Supply
3.0
Down -7%
Vs. Year Ago
Up 4%
Vs. Year Ago
No Change
Vs. Year Ago
Down -9%
Vs. Year Ago

Months of Supply
In February, there was 3.0 months of supply available in Baltimore County, compared to 3.3 in February 2018. That is a decrease of 9% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 949 homes newly listed for sale in Baltimore County compared to 1,019 in February 2018, a decrease of 7%. There were 802 current contracts pending sale this February compared to 774 a year ago. The number of current contracts is 4% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Baltimore County was 98.6% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 68, higher than the average last year, which was 52, an increase of 31%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.